Woofun AI reports that SpaceX (SPCX) shares declined below their $135 IPO price for the first time since listing, closing at $135.27 on Wednesday and continuing to drop on Thursday. The stock retreated 46.8% from its all-time high of $225.64 and fell 11.1% from the IPO price, briefly dipping below $120 before rebounding to $126.2.

During the decline, two long positions were liquidated, closing 38,896.4 SPCX tokens for a total volume of $4.9723 million with realized losses of $0.5997 million. One liquidated address re-entered the market 2.5 hours later, purchasing 14,546.44 SPCX at an average price of $131.09 using 8x leverage. This position currently holds a value of $1.8355 million with an unrealized loss of $0.0714 million and a liquidation price of $117.6.